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Expansion of MSME sector

  • Promotion and development of enterprises is a State subject.
  • The Central Government supplements the efforts of the State/UT Governments through various schemes, programmes and policy initiatives for promotion, development and enhancing the competitiveness of MSMEs and to increase employment opportunities in the country.
  • The Ministry of MSME implements various schemes and programmes for growth and development of MSME Sector in the country.
  • These schemes and programmes inter-alia include Prime Minister’s Employment Generation programme (PMEGP), Scheme of Fund for Regeneration of Traditional Industries (SFURTI), A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE), Credit Guarantee Scheme for Micro and Small Enterprises, Micro and Small Enterprises Cluster Development Programme (MSE-CDP) etc.
  • Benefits under these schemes are available to all eligible MSMEs throughout the country.
  • Ministry of MSME has also been implementing a special scheme viz. ‘Promotion of MSMEs in North Eastern Region and Sikkim’ which focuses on improving the condition of MSME Sector in North Eastern States including Assam.

The Scheme-wise Budget allocation of these schemes is given below:-



















This information was given by Union Minister for Micro, Small and Medium Enterprises

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